Contractor Purchasing System Review (CPSR) Case Study
A Case Study by the Redstone Government Consulting Team
DFARS Case 2012-D042 In this case study: Redstone was engaged to perform a mock CPSR for a multi-billion dollar utilities services company.
Government Contracting and Uncompensated Overtime
A White paper by Wayne Murdock, CPA
Although hourly employees are protected under FLSA (Fair Labor Standards Act), salaried employees do not enjoy the same protection. With the 2015 revision of FAR 52.237-10, all uncompensated overtime must be accounted for. DCAA and auditors are most concerned about this overtime as a requirement for an adequate accounting system. Although the CAM (Contract Audit Manual) offers plenty of guidance, it is up to contractors to fully understand and implement the accepted methods to prevent DCAA rejection.
Chicken or Egg? A Business System Dilemma Whitepaper
A Whitepaper from Redstone Government Consulting
Government contractors who are small businesses face the challenge of distinguishing themselves in proposal settings. The introduction of DFARS Subpart 242.70 Contractor Business Systems in 2012 marked a pivotal shift, offering acquisition personnel a nuanced mechanism to evaluate contractor responsibility through the lens of critical business systems, including accounting, purchasing, and material management.
This whitepaper delves into the intricacies of these regulations, highlighting the essential role of DFARS clauses in contracts of varying sizes and the significant implications for small businesses striving to navigate the complex requirements. With insights into the FAR 9.104 criteria for contractor responsibility and strategic advice from our team on navigating the DFARS landscape, this whitepaper is essential for contractors eager to secure their competitive edge and ensure compliance.
DCAA Rejection of Incurred Cost Proposals
A White paper by Michael Steen, Senior Advisor
Under FAR 52.216-7 Allowable Cost and Payment Clause, DCAA policies are vague, and even nonexistent, in some sections. Before submitting a proposal to DCAA, government contractors must ensure their incurred cost proposals (ICPs) are adequate.
The Audit World’s Biggest Myths
A White paper by Wayne Murdock, CPA
It is important to remember that DCAA’s primary goal is to ensure the government gets a fair price for products and services, so the auditor is not visiting your location for your benefit. By knowing this, you can, however, be prepared when dealing with auditors. See why researching and educating your auditing staff can make a DCAA audit a successful experience.